November 5, 2024
April 1, 2026
November 5, 2024
Strategic partnership between NeugenAI and Blue Water Trade Winds
DEHRADUN : Blue Water is thrilled to announce a strategic partnership with NeugenAI Labs, aimed at driving transformative advancements in the maritime industry through cutting-edge AI solutions. Combining Blue Water’s extensive industry expertise with
November 5, 2024
Start-up SeaO₂ secures €2+ million investment to extract 1 gigaton of CO₂ out of the sea by 2045
AMSTERDAM : Dutch startup SeaO₂, specialising in innovative carbon (CO₂) removal technology from seawater, announces receiving €2+ million in new investments. Utilising its breakthrough Direct Ocean Capture (DOC) technology, which efficiently extracts CO₂ from
November 4, 2024
Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat
COPENHAGEN : A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez Canal until 2025 due to the
November 4, 2024
Bahri posts solid growth in first 9 months; net profit up 40%
RIYADH : The National Shipping Company of Saudi Arabia (Bahri), the kingdom’s leading shipping and logistics provider, announced its financial results for the third quarter and the first nine months of 2024, reporting strong
November 4, 2024
Xeneta Shipping Index October 2024: Long term market turns a corner as rates fall
OSLO : The ocean container shipping market turned another corner in October as the Xeneta Shipping Index (XSI®) fell for the first time since June. The Global XSI®, which measures all valid long-term rates
November 4, 2024
Egypt reports $6B loss from Houthi attacks on commercial shipping
CAIRO : Egyptian Foreign Minister Badr Abdel Aati announced that Houthi attacks on commercial vessels transiting through the Bab al-Mandeb Strait and the southern Red Sea have inflicted severe economic losses on Egypt. In
November 4, 2024
Drewry’s World Container Index up 4% last Week
LONDON : Drewry’s World Container Index increased 4% to $3,213 per 40ft container this week. Drewry’s detailed assessment for Thursday, 31 October 2024
November 4, 2024
Baltic Index logs Fifth Weekly Loss on Weaker Rates across all Vessel segments
LONDON : The Baltic Exchange’s dry bulk sea freight index fell on Friday and posted its fifth straight weekly loss, weighed by weaker rates across vessel types. The index, which factors in rates for
November 2, 2024